Nam June Paik
Global Groove (Opening)
Found at
Christies
PROOF OF SOVEREIGNTY: A Curated NFT Sale by Lady PheOnix, Lot 1
3. Jun - 3. Jun 2021
PROOF OF SOVEREIGNTY: A Curated NFT Sale by Lady PheOnix, Lot 1
3. Jun - 3. Jun 2021
Estimate: 100.000 - 200.000 USD
Price realised: 56.250 USD
Price realised: 56.250 USD
Description
NAM JUNE PAIK (1932-2006)
Global Groove (Opening)
token ID: 1
wallet address: 01C56E
smart contract address: 0x64aac03eaebc240b271463e4a56c19412a555965
single-channel video with audio
00:00:38 seconds (1296 x 1920 pixels)
Created in 1973 and minted in 2021. This work is unique and is accompanied by a non-fungible token.
- Estate of the artist
Global Groove (Opening)
token ID: 1
wallet address: 01C56E
smart contract address: 0x64aac03eaebc240b271463e4a56c19412a555965
single-channel video with audio
00:00:38 seconds (1296 x 1920 pixels)
Created in 1973 and minted in 2021. This work is unique and is accompanied by a non-fungible token.
- Estate of the artist
Auction result misses estimated price range
When the work Global Groove (Opening) by Nam June Paik was auctioned at Christies in June 2021, the result was somewhat disappointing. The auction house had previously given the estimated price as a range of USD 100,000.00 – 200,000.00, of which not even the lower limit was reached - in fact, the artwork changed hands for USD 56,250.00 (€ 47,476.37). Of course, this price has nothing to do with the top prices that other works by Nam June Paik achieve. The highest price we have observed so far was reached by the work Fat Boy in October 2016 with an auction result of HKD 4,280,000.00 (€ 503,667.21).
Auktionsergebnis verfehlt die Schätzpreisspanne
Als die Arbeit Global Groove (Opening) von Nam June Paik im Juni 2021 bei Christies versteigert wurde, fiel das Ergebnis ein wenig enttäuschend aus. Das Auktionshaus hatte den Schätzpreis zuvor mit einer Spanne von USD 100.000,00 – 200.000,00 angegeben, von der nicht einmal die Untergrenze erreicht wurde - tatsächlich wechselte das Kunstwerk für USD 56.250,00 (€ 47.476,37) den Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Nam June Paik erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Fat Boy im Oktober 2016 mit einem Auktionsergebnis von HKD 4.280.000,00 (€ 503.667,21).